menafn says MHC owner Equity LifeStyle Properties, Inc. (ELS) declares all shareholders of its 8.034% series A cumulative redeemable perpetual preferred stock will receive a redemption notice entitling them to receive $25 per share for outstanding shares as of Oct. 18, 2012. In addition, shareholders will receive 0.094846 in unpaid …
heraldonline tells MHProNews the Manufactured Housing Association for Regulatory Reform (MHARR) issued a bi-partisan appeal to President Obama and Republican presidential candidate Mitt Romney to assist in revitalizing manufactured housing as a form of affordable homeownership for millions of Americans of modest means to achieve the dream of owning their …
Palmbeachpost reports from Jupiter, Florida that the town council will consider a proposal to close Whitehaven Seniors Adult Park and build multi-family rental units and a shopping center on the 29 acres. The developer, Jupiter-based FLF 1030 LLC, would be required to pay the town $336,000 toward affordable housing programs …
Multi-family Units, Shopping Center to Replace MHC Read More
RVBusiness reports Elkhart, Indiana-based Patrick Industries has acquired Creative Wood Designs, Inc. of Ligonier, Ind. for $5.7 million, which includes a contingency payment based on future performance. With expected revenues for 2012 of $18 million, Creative Wood Designs produces hardwood furnishings and trim for the recreational vehicle industry, and marks …
dailycamera reports from Lafayette, Colorado just north of Denver residents of Arbordale Acres MHC are upset over new clauses inserted in their leases this summer that prevents them from subletting their homes. Additionally, a home is considered abandoned if it is not sold or occupied by an approved tenant within …
therealdeal informs MHProNews that Sam Zell, CEO of Equity Lifestyle Properties, Inc. has taken the helm of Equity International in the wake of the sudden departure of its CEO and co-founder Gary Garrabrandt, and chief strategic officer Thomas McDonald. Equity International primarily invests in or buys existing real estate companies …
Sudden Resignations Put Zell Back in Driver’s Seat Read More
Benzinga says UMH Properties, Inc. has announced it has acquired two manufactured housing communities in Ohio for $5.9 million, bringing their ownership of MHCs to 55 communities comprised of approximately 10,400 homesites. The 280 sites, situated on 62 acres, average 89 percent occupancy. UMH President Samuel A. Landy says the …
oaoa reports the Odessa, Texas City Council approved plans for a 100 acre, 1,000 plus homesite manufactured housing community to ease the shortage of housing in the city. Odessa Mayor Larry Melton says, with rental rates going through the ceiling, “It’s a temporary solution to an existing problem,” adding the …
Joe Kelly, executive vice-president of the Iowa Manufactured Housing Association (IAMHA), informs MHProNews that the Iowa Department of Revenue has notified local governments that land lease communities are not structured to qualify as co-ops under Iowa Code 499A. As a residential classification, co-ops pay only about half the taxes of …
YAHOO! Finance says Eugene W. Landy, Chairman of the Board, and Samuel A. Landy, President of UMH Properties, Inc. (NYSE:UMH) of Freehold, New Jersey, will present an overview of the company to the Philadelphia Securities Association at the Union League in Philadelphia, Pennsylvania, Wed. Oct. 10, 2012. The luncheon meeting, …
Benzinga reports that Sun Communities, Inc. (SUI:NYSE) has begun an underwritten offering of 3,000,000 million shares of common stock, with a 30-day option for the underwriters to purchase an additional 450,000 shares. Sun intends to use the proceeds to pay down debt, fund possible future acquisitions, and for general corporate …
As follow-up to an article we published Aug, 24, 2012 on the Delaware race for state representative in District 37 between incumbent Republican Briggs King and Democrat Beth McGinn, Ms. King clarifies her stance on MHCs in a Cape Gazette VillageSoup article. While Ms. McGinn criticized King for abstaining from …
Delaware Legislative Candidate States MHC Position Read More
The vagazette informs MHProNews compassion led the Planning Commission in James City, Virginia to take a step beyond the legal border of the Public Service Area (PSA) and recommend extending sewer service to residents of the Greensprings Mobile Home Park. The two-and-a-half hour meeting saw several of the 80 residents …
sgvtribune reports from El Monte, California in the San Gabriel Valley an initiative on the November ballot will repeal a voter-approved measure that provides a ten percent discount to qualifying seniors who live in some of the MHCs in El Monte. The measure also gives the city council authority to …
The Texas Manufactured Housing Association (TMHA) celebrated their 60thAnniversary at the Four Seasons Hotel in Houston, Texas Aug. 19-21 with a variety of representatives from retailers, community owners and lenders, to brokers, manufacturers, managers, informational and motivational speakers, and marketing pros. Kurt Kelley of Mobile Insurance says the classes and …
Texas Manufactured Housing Association event attendees cheer Read More
KTICRadio in Nebraska informs MHProNews the Nebraska Public Service Commission it will lower seal fees it charges manufactured and modular homes. Mark Lutich, Department of Housing and Recreational Vehicles director, says several years ago in the throes of the housing downturn when production was low, the department had to let …
The Chisago County Press in Lindstrom, Minnesota tells MHProNews the Stonegate MHC is only the fifth community in the state to become owned by the residents. Stonegate Residential Corporation recently closed on the financing to make the 50 home site a co-op with the assistance of NorthCountry Foundation (NCF), which …
In his political blog, Jim Shella of Indianapolis notes U.S. Senate candidate Joe Donnelly chose to tour a vocational school in Indianapolis instead of attending the Democratic National Convention in Charlotte, NC this week. Responding to Republican opponent Richard Mourdock’s attack ads aligning him with President Obama, Shella notes it …
Democratic Senate Candidate Donnelly Skips Charlotte Read More
Killam Properties, Inc., in its expansion efforts outside Atlantic Canada, announces it has acquired a four building, 244-unit apartment portfolio in Ottawa, Ontario, bringing its overall total to 11,638 apartment units. Based in Halifax, Nova Scotia, Canada, MHProNews has learned Killam owns and operates over 50 manufactured housing communities comprising …
journal-topics tells MHProNews even as an auctioneer rolled through Glenview, Illinois’ Sunset Village MHC in a sound truck auctioning off manufactured homes, residents remain hopeful they can buy the community out of foreclosure. Frustrated by neglect and issues with water quality, threatened with eviction in some cases, residents made rent-to-own …
